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High Net Worth Individuals
You may be leading a business or enjoying a full-time pursuit of travel or another passion. Whatever your path, we can help manage every aspect of your personal financial life. We get to know you on a personal level by asking tough questions and drilling down into the specifics of your needs and goals. We examine your financial situation from every angle — we look at the current financial state, identify future potential risks, and develop detailed financial plans that help meet your needs and goals. Our in-depth exploration not only fosters peace of mind, it can help position you for enduring financial success.
We can help manage your cash needs by tracking inflows and outflows and helping you develop a realistic budget. We will also develop your net worth statement to document your assets and liabilities, providing you with a clear picture of your net worth.
We will help you develop or revise estate plans to help minimize estate taxes. We will work with you and your attorneys to implement wills, trust documents, power of attorney documents, and health care proxies. We will guide you through potential estate tax issues around gifts and the Generation-Skipping Transfer Tax rules. With our intimate knowledge of your assets and goals, we can recommend more sophisticated planning strategies and organize your assets to help maximize family wealth.
As your business and personal income continues to grow, your tax situation can change significantly. We will work with you to develop tax efficiencies in your investment portfolios and estate plans. We will also help you plan and manage potential issues related to the Alternative Minimum Tax (AMT).
Once we explore and understand your financial goals, We will evaluate your current investments. We will develop a suitable portfolio asset mix that can help meet your needs over time, select the appropriate investment managers and manager structures, and coordinate custody and brokerage services. We will help keep you on track with regular reporting and monitoring, making portfolio adjustments as needed.
We believe risk management should be an important part of your personal financial plan. We can work with you and your insurance advisor to periodically review your insurance plans. Our review will help ensure that your coverage levels — for life, property and casualty, disability, and umbrella liability — make sense for your specific situation. For any new coverage you may need, we will assess the appropriate level and structure to meet your needs. We will also periodically review your beneficiary designations to make sure they’re up to date.
Your personal or family situation may change over time and we can help you plan for those changes. If you are preparing for marriage, we can work with your family law attorneys to structure and implement pre-nuptial agreements, and other estate planning documents, to help protect your assets. For children born or adopted into your family, we can evaluate college savings vehicles and review/update your insurance and estate plans to ensure that the children are provided for according to your wishes. If you’re still saving for retirement, We will work with you to design a retirement portfolio to help meet your goals and help preserve your wealth in retirement. If you’re close to retirement, we can help you develop a plan to manage your income, spending, and assets in retirement.
Now that you have achieved success in your own life, you may want to give back and make a difference in your community. We will help you evaluate the various charitable giving vehicles such as donor-advised funds, private foundations, charitable trusts, charitable gift annuities, as well as socially responsible/impact investing opportunities. We will help you develop charitable mission statements and develop portfolios to support your charitable giving goals.